Australia and Oceania: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Australia and Oceania

In 2022, the market for spices except pepper or ginger in Australia and Oceania decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Production of Spices Except Pepper or Ginger in Australia and Oceania

In value terms, spices except pepper or ginger production soared to $X in 2022 estimated in export price. Overall, production showed buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of spices except pepper or ginger production was Fiji (X tons), comprising approx. X% of total volume. Moreover, spices except pepper or ginger production in Fiji exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), eightfold. Tonga (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Fiji was relatively modest. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and Tonga (X% per year).

The average spices except pepper or ginger yield skyrocketed to X tons per ha in 2022, rising by X% on the previous year. Over the period under review, the yield recorded resilient growth. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of spices except pepper or ginger in Australia and Oceania contracted modestly to X ha, stabilizing at the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to spices except pepper or ginger production reached the peak figure at X ha in 2021, and then dropped slightly in the following year.

Exports of Spices Except Pepper or Ginger

Exports in Australia and Oceania

In 2022, overseas shipments of spices except pepper or ginger increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spices except pepper or ginger exports surged to $X in 2022. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Fiji represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Australia (X tons), generating a X% share of total exports. New Zealand (X tons) held a little share of total exports.

Fiji was also the fastest-growing in terms of the spices except pepper or ginger exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Australia experienced a relatively flat trend pattern. While the share of Fiji (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spices except pepper or ginger supplying countries in Australia and Oceania were Australia ($X), Fiji ($X) and New Zealand ($X), with a combined X% share of total exports.

Fiji, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with a decrease of X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Spices Except Pepper or Ginger

Imports in Australia and Oceania

After two years of growth, overseas purchases of spices except pepper or ginger decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, spices except pepper or ginger imports dropped remarkably to $X in 2022. Overall, imports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Australia was the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together achieving a X% share of total imports. The following importers - New Caledonia (X tons) and Papua New Guinea (X tons) - together made up X% of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of spices except pepper or ginger. At the same time, Fiji (X%), Papua New Guinea (X%), New Zealand (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported spices except pepper or ginger in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

In Australia, spices except pepper or ginger imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices except pepper or ginger import price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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